Florida's 2015 Qualified Allocation Plan

Up to 5% of the allocations will be reserved for high-priority affordable housing project, as defined by the Board and another 5% will be reserved for projects that target persons who have a disabling condition. Eighty-five percent of the remaining allocation authority will be used for applicants in the following development categories: New Construction, rehabilitation, Acquisition and Rehabilitation, Redevelopment, or Acquisition and Redevelopment. Within the set-asides, there is a geographic distribution for large counties (59%), medium counties (36.7%) and small counties (4.3%). To ensure a diversified rental housing portfolio, FHFC will target one project in the Florida Keys Area of Critical State Concern and/or the City of Key West Area of Critical State Concern.

Basis Boost: FHFC’s 2015 QAP indicates that they may designate developments for People with Special Needs or Homeless Developments as eligible for up to the 30% basis boost.

Prior to 2013, Florida Housing had traditionally issued the majority of its 9% Competitive Low Income Housing Tax Credits, SAIL (State Apartment Incentive Loan) Program and HOME-Rental (HOME Investment Partnerships) Program funding through one large annual application. In 2013, Florida Housing began soliciting targeted applications through a Request for Applications (RFA) process. The tentative RFA dates for 2014-2015 can be found below. Requests for Applications (RFAs) can be found on the FHFC website: click here

This Working Paper looks at the combination of incentives state agencies are using in their LIHTC programs for affordable housing in neighborhoods with economic growth, quality schools, low crime, and access to...